WhiteBIT is a popular cryptocurrency exchange in Europe, with more than 2 million registered users, and offers a full range of trading instruments, including:
- Leveraged trading
- Futures derivative contracts
- Referral Programs
- The WBT token.
This platform allows you to buy cryptocurrencies directly with your bank card with fiat money and withdraw crypto assets to your bank card. WhiteBIT is a centralised crypto exchange that complies with all rules and regulations, so all listed options, except spot trading, are available to registered users who have passed KYC.
The WhiteBIT Token
Recently, the platform has issued native WBT tokens. This is a utility token that connects the exchange with other products that have been or are being developed in connection with WhiteBIT. Developers can use this token as a trusted asset to create their products on the WhiteBIT platform.
The first token sale took place in August 2022. Token buyers received discounts on cryptocurrency trading fees and access to more products. Token holders participating in the referral program receive a higher interest rate (up to 50%).
WBT token emission is limited, and no additional issuance is planned. Each week a portion of the tokens is burnt to maintain the value of this asset. Half of the issued tokens are blocked for a certain period and gradually released over five years.
Today, you can buy crypto on Huobi and WhiteBIT exchanges. When the token is listed on other major cryptocurrency services, its price is likely to rise.